[ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency

[tevayo]

Any interest in an ICO to fund development?

Yes, that was something else that cropped up in the funding discussions. Move the project to a new code base (porting Enigma and CloakShield) and new chain and burning Cloak in exchange for the new Cloak coins. The coins could all be pre-generated and exchanged directly for Cloak. In terms of an ICO, extra coins could be generated at the same time and sold off during the ICO to raise funding. Moving to a new code base would ensure everything is up to date and most likely allow us to get a few new features for free. If we're going to change the PoS algo, block/transaction format (for better privacy) it would make sense to do that during the refresh so we don't have to carry code to deal with the previous blockchain format, which would keep things nice and lean. Personally, I think this is my favoured option. There are outfits who would manage the ICO and take care of things such as exchange listing. Not sure if that would get us onto Poloniex, but it would be worth some investigation. The funding from an ICO could enable us to do some really great stuff imho.

For sustained funding for the future, it would make sense for the network to generate funding for a Cloak Foundation during the mining process, which could be used to fund the project for the future long-term. Once a governance system is in place, the Cloak community can decide how that funding is spent, on what features it's spent and also have some control over the level of foundation funding. I think it's critical to get the fundamentals for the future hashed out as soon as possible. Funding also greatly affects the roadmap for Cloak. With more funding, there are more resources and we can be a lot more ambitious with our plans.

Beforehand I want to make clear that I will support any decision taken by the DEV, but I have some questions that I like to answer.
Changing the code base (carrying enigma and cloakshield) involves changing
The name of CLOAK ??
If so we would continue to quote in bittrex with the new name ??
The new code would be opened?
Thank you for your efforts.

[1714102276]

1714102276

[1714102276]

1714102276

[1714102276]

1714102276

[raizor]

Hi tevayo,

Answers below (in bold, for clarity)

Any interest in an ICO to fund development?

Yes, that was something else that cropped up in the funding discussions. Move the project to a new code base (porting Enigma and CloakShield) and new chain and burning Cloak in exchange for the new Cloak coins. The coins could all be pre-generated and exchanged directly for Cloak. In terms of an ICO, extra coins could be generated at the same time and sold off during the ICO to raise funding. Moving to a new code base would ensure everything is up to date and most likely allow us to get a few new features for free. If we're going to change the PoS algo, block/transaction format (for better privacy) it would make sense to do that during the refresh so we don't have to carry code to deal with the previous blockchain format, which would keep things nice and lean. Personally, I think this is my favoured option. There are outfits who would manage the ICO and take care of things such as exchange listing. Not sure if that would get us onto Poloniex, but it would be worth some investigation. The funding from an ICO could enable us to do some really great stuff imho.

For sustained funding for the future, it would make sense for the network to generate funding for a Cloak Foundation during the mining process, which could be used to fund the project for the future long-term. Once a governance system is in place, the Cloak community can decide how that funding is spent, on what features it's spent and also have some control over the level of foundation funding. I think it's critical to get the fundamentals for the future hashed out as soon as possible. Funding also greatly affects the roadmap for Cloak. With more funding, there are more resources and we can be a lot more ambitious with our plans.

Beforehand I want to make clear that I will support any decision taken by the DEV, but I have some questions that I like to answer.
Changing the code base (carrying enigma and cloakshield) involves changing
The name of CLOAK ?? Not necessarily, but if a change of name is desired, this would be the time to do it.
If so we would continue to quote in bittrex with the new name ?? The new name would be used on exchanges, yes. We'd need to liaise with the various exchanges in advance of the name change to ensure everything goes smoothly.
The new code would be opened? That would be my preference going forward, yes.
Thank you for your efforts. You're most welcome

Thanks,

Joe

[cryptohunter]

Well, the point of an ICO is to provide funds for them to develope and grow the coin. That way, the "Devs" will get paid.
 

The Dev's get paid if the coin succeeds.

ICO's and taxes are not necessary, IMO.

This is true but devs have to live meantime. They deplete their stash of cloak to live on and as time passes their incentive to work for cloak depletes or they starve to death.

Block tax is very successful with small super block at the start to get things going if they need funds now.

You don't have funding and your team is small or works part time say goodbye to your coin as bigger teams with more time outcode/out design and out market you.

I only have a tiny amount of cloak so I am not too worried what cloak does but i am pushing for the same thing on a couple of coins I do have a lot more of because they are lacking in the same areas as cloak

[investor1]

Well, the point of an ICO is to provide funds for them to develope and grow the coin. That way, the "Devs" will get paid.
 

The Dev's get paid if the coin succeeds.

ICO's and taxes are not necessary, IMO.

This is true but devs have to live meantime. They deplete their stash of cloak to live on and as time passes their incentive to work for cloak depletes or they starve to death.

Block tax is very successful with small super block at the start to get things going if they need funds now.

You don't have funding and your team is small or works part time say goodbye to your coin as bigger teams with more time outcode/out design and out market you.

I only have a tiny amount of cloak so I am not too worried what cloak does but i am pushing for the same thing on a couple of coins I do have a lot more of because they are lacking in the same areas as cloak

100% agree cryptohunter! Funding is the most important thing for the future of the cloak in moment. No funding - no developers, so there is no development.

[R-J-F]

Well, the point of an ICO is to provide funds for them to develope and grow the coin. That way, the "Devs" will get paid.
 

The Dev's get paid if the coin succeeds.

ICO's and taxes are not necessary, IMO.

This is true but devs have to live meantime. They deplete their stash of cloak to live on and as time passes their incentive to work for cloak depletes or they starve to death.

Block tax is very successful with small super block at the start to get things going if they need funds now.

You don't have funding and your team is small or works part time say goodbye to your coin as bigger teams with more time outcode/out design and out market you.

I only have a tiny amount of cloak so I am not too worried what cloak does but i am pushing for the same thing on a couple of coins I do have a lot more of because they are lacking in the same areas as cloak

100% agree cryptohunter! Funding is the most important thing for the future of the cloak in moment. No funding - no developers, so there is no development.

That was exactly my point in suggesting an ICO. I know the term "ICO" is repugnant to some and, I can understand that but, as crypto moves closer and closer to the accepted financial world, we need to use whatever legal means we can to raise funds for development and marketing. Many an excellent idea was lost for lack of marketing. We are approaching critical mass. Hundreds and hundreds of ALT coins, thousands of projects and a few legitimate coders and developers who have the ability to take their projects to the masses. Lets support our's shall we?

[gri0]

Hey, yogibaer, i miss your great Cloak charts! What happens with you? And what happens with Cloak promotion, why all was stopped?

yogibear will send chart here when price much high increasing hahahahhahahaha and he just guess

There was nothing special to say about the chart. Status is waiting for the next rally stage.

Yogibaer, you are always make me happy by your graph's vision ))
Could you please make some gpaphs for BTC and LTC future too?

[Golftech]

Hey, yogibaer, i miss your great Cloak charts! What happens with you? And what happens with Cloak promotion, why all was stopped?

yogibear will send chart here when price much high increasing hahahahhahahaha and he just guess

There was nothing special to say about the chart. Status is waiting for the next rally stage.

Yogibaer, you are always make me happy by your graph's vision ))
Could you please make some gpaphs for BTC and LTC future too?

yes its also good to have some charts to follow with btc something like this would help us to easy to intercept what would be the next movements
but moving back to this project its better to buy and hold CLOAK now in order to gain some good profits in the next rise. good luck

[cuteflower]

litecoin to 50$ and cloak to 3$

[lazi]

litecoin to 50$ and cloak to 3$

you mean litecoin 3$ and cloak 50$ 

[rickgejr]

The "Bill Still" interview with "Joe" of Cloakcoin, was good.

Low key, but a way to build trust. A key element. Better than hype.

ICO's and taxes may not work as well as "word of mouth."

https://youtu.be/tI7jY_J4FMc

I would like to see more of these.

Perhaps with more updates about what the Cloakcoin team is doing.

DASH's marketing with Amanda B. Johnson (using videos) are not as professional. Sure, they spend more money, but who has the better coin?

Bill Still lends Cloakcoin credibility.

[cuteflower]

cloakcoin site is not opening any problem inside?

Forbidden

You don't have permission to access / on this server.
Server unable to read htaccess file, denying access to be safe

Additionally, a 403 Forbidden error was encountered while trying to use an ErrorDocument to handle the request.

[cuteflower]

litecoin to 50$ and cloak to 3$

you mean litecoin 3$ and cloak 50$ 

hahahaha cloakcoin bottom future value is 3$ not more than even 2$ in 1 year very very difficult

[LBX]

litecoin to 50$ and cloak to 3$

you mean litecoin 3$ and cloak 50$  

hahahaha cloakcoin bottom future value is 3$ not more than even 2$ in 1 year very very difficult

ops  
did you see dcr
Why are you sure it 's $ 3 and also hard
Let me tell you
If broken $1
It will explode more quickly
You will know the price "time will tell you"

[JosNekoKopa]

If broken $1
It will explode more quickly

This is because folks don't pay attention at something while it is small, when lift starts everybody joins. Majority of bitcoins involved in pumps come from people who don't even know in what invests, they only see oportunity, panic dump is best proof for this claim..

[cloakteam]

Dear Cloak Community,

Easter…
The celebration of holy love…
The day of resurrection…
The day that brings us new hope…
Have a great and wonderful Easter!



Happy Easter!

Peace & Love

Team Cloak

[navydude]

Is there an active pool for mining CLOAK? Cant seem to find one.

[oaks05]

Is there an active pool for mining CLOAK? Cant seem to find one.

you leave your wallet open and unlocked and you collect 6% roi on your cloak

[rowenta01]

Happy Easter to the whole team.

I know you a talented and motivated team, with a very nice project!

Time will give you reason ..

Continue like that, long life to CLOAKCOIN !!!!!

[wizardee]

MONERO with problems?


https://twitter.com/socrates1024/status/852917652104380416

[Peisistratos]

Stop pump the Cloak please!
I want to buy at a real low price.